CSAV christened a pair of 9,300 teu boxships on Wednesday in South Korea, the largest vessels in its history to enter the company’s fleet.

Chile’s Compania Sudamericana de Vapores (CSAV) reported a $58.5m net loss for Q2, an 11.2% improvement over the one obtained during the first quarter this year, when CSAV reported $65.9m loss.

Chile’s Companía Sud Americana de Vapores (CSAV) announced that it has successfully completed its capital increase as planned raising $202m.

The Department of Justice and the Federal Trade Commission of the United States have granted clearance to the merger of the container shipping business of Chilean Compañía Sud Americana de Vapores (CSAV) and Hamburg-based Hapag-Lloyd.

Chile’s CSAV started a roadshow for investors for a $200m capital increase on 7 July.

A new service between Hapag-Lloyd and MOL will connect DP World’s London Gateway with various ports in West Africa.  

Looking through Neptune Orient Lines (NOL) financial results in recent years it does beg the question as to where the company, and many other large to mid-sized container lines for that matter, are headed in the long term.

ZIM is collaborating with G6 partner Hapag Lloyd to restructure its service offering between the Mediterranean and United States, in an effort to improve transit times.  

Hapag-Lloyd and Compañía Sud Americana de Vapores (CSAV) have signed a binding contract to merge CSAV’s entire container business with Hapag-Lloyd, creating the world’s fourth largest box line.

At a special shareholders meeting last week, 84.5% of CSAV's shareholders approved the proposed merger with Hapag-Lloyd.